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Holliday party: Cards introduce slugger

Holliday party: Cards introduce slugger

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By Matthew Leach
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MLB.com |

ST. LOUIS -- After agreeing on a seven-year deal with the Cardinals with an option for 2017 for a guaranteed $120 million -- the richest contract in club history -- Matt Holliday was introduced to the media on Thursday.

"I think first and foremost, their commitment to winning," Holliday said when asked about reasons he decided to re-sign with the Cardinals. "That was a huge interest for me."

Holliday also indicated that he has a good relationship and looks forward to working with new hitting coach Mark McGwire, and that he hopes manager Tony La Russa will be with the team for many years to come.

Negotiations between the team and agent Scott Boras were lengthy, and at times difficult, but in the end, both sides got what they wanted. The Cardinals secured the services of a player they paid dearly to acquire, and Holliday got a long and lucrative contract.

"Sometimes when you take a big-picture look at things, it's overwhelming," Holliday told Doug Gottlieb on ESPN Radio. "Obviously my wife [Leslee] and I feel like we're very blessed. It is a tremendous amount of money. When you're a little kid growing up who hopes to be a professional baseball player and hopes to play in the Major Leagues, I don't think you ever think about the money. Now that you look at it and it's that kind of money, it's a little overwhelming."

Boras confirmed that the guaranteed value of the seven-year contract is worth an even $17 million per year, including a full no-trade clause. The latter provision tends to be a major point of emphasis for Boras.

The contract includes a $17 million vesting option for 2017, which will kick in if Holliday finishes in the top 10 in National League Most Valuable Player voting in 2016.

The Associated Press reported that the buyout on the vesting option is worth $1 million, making the total guaranteed value of the pact $120 million. If the option vests, Holliday will receive $136 million over the life of the pact. However, The AP also reported that the contract includes some deferred money, which would lower the present-day value of the contract to $16 million per year.

HOT STOVE'S BIG DEALS

Matt Holliday's new deal, worth a guaranteed $120 million over seven years, ranks as the biggest contract of the offseason so far.

Player

Team

Deal

Yrs.

Avg.

Matt Holliday

STL

$120M

7

$17.1M

John Lackey

BOS

$82.5M

5

$16.5M

Jason Bay

NYM

$66M

4

$16.5M

Chone Figgins

SEA

$36M

4

$9M

Randy Wolf

MIL

$29.75M

3

$9.9M

The deal gives Holliday the longest guarantee of any current Cardinal and the largest contract in club history, surpassing Albert Pujols' seven-year, $100 million contract.

Holliday spent the first five years of his Major League career with Colorado. After the Rockies determined they would be unable to sign him once he reached free agency, they traded him last winter to Oakland.

The A's then shipped Holliday to St. Louis in July for a package of prospects headed by burgeoning offensive talent Brett Wallace. He thrived upon arrival, hitting .353 with a .419 on-base percentage and .604 slugging percentage as a Cardinal.

However, Holliday struggled somewhat in the Cards' Division Series loss to Los Angeles, going 2-for-12 and famously dropping a ninth-inning fly ball in Game 2. Still, his overall experience with the Cardinals was a positive one, and he remembered that when it came to be decision time.

"The way Cardinal fans treated me the entire time I was there, from the first at-bat until the last at-bat, I definitely think that's something you consider, and something I did consider," Holliday told Gottlieb. "I was obviously very appreciative of the way I was treated there. Those things do weigh into your decision-making. I think every player wants to be appreciated for playing hard and playing well, and I think they definitely do that."

Matthew Leach is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.